Brazil adds 72,028 payroll jobs in May

SAO PAULO, June 21 Fri Jun 21, 2013 1:35pm EDT

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SAO PAULO, June 21 (Reuters) - Brazil's economy added a net 72,028 payroll jobs in May, the labor ministry said on Friday, below a median forecast of 158,000 jobs in a Reuters survey of analysts. Latin America's largest economy added 197,000 payroll jobs in April.

The pace of job creation has slowed in Brazil after two years of meager growth, but unemployment remains at record lows as businesses hold on to workers in the hopes of an economic recovery.

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